Sugar price managed to breach the bullish flag resistance that appears on the chart, to get positive motive that reinforces the expectations of continuing the bullish trend on the intraday and short term basis, waiting to head towards 15.00 that represents our next main target.
Therefore, we will continue to suggest the bullish trend for the upcoming period unless breaking 14.14 level and holding below it, noting that the EMA50 and stochastic support the positive overview.
The expected trading range for today is between 14.30 support and 14.70 resistance
The expected trend for today: Bullish